Bangkok: The Prime Minister is accelerating efforts to build confidence in the capital market and economy, insisting on a team with knowledge and capabilities, free from political influence, and stating that it will take four months to solve the country’s problems, not just sit around and drink free coffee.
According to Thai News Agency, Prime Minister and Minister of Interior, Anutin Charnvirakul, announced after attending a meeting to discuss recommendations for reforming the Thai economy and capital market. The meeting was attended by Deputy Prime Minister and Minister of Finance, Ekniti Nitithanpraphas, Minister of Energy, Atthapol Rerkpiboon, Minister of Commerce, Suphajee Suthumpun, Deputy Minister of Finance, and Woraphak Thanyawong. Representatives from various Thai financial associations also participated. Anutin emphasized that the economic team, from the Deputy Prime Minister to various ministers, is free from political influence and is utilizing their expertise to restore confidence and prosperity in the national economy.
When questioned about the short timeframe for rebuilding trust, Anutin stated that instead of making unrealistic promises, the government would focus on amending existing regulations and mechanisms within ministries to ensure a smooth flow of operations. He believes that the four-month period is sufficient for laying a strong foundation for future continuity. Anutin stressed that frequent changes in government should not be viewed negatively, but rather as an opportunity to prioritize the country’s and its people’s benefit.
Regarding untraceable capital issues, Anutin mentioned that any grey capital concerns would be managed by the Finance Minister, coordinating with agencies like the Royal Thai Police and the Anti-Money Laundering Office. He reiterated the commitment to decisive action, emphasizing that the focus should not just be on appearances but on achieving tangible results.
During the meeting, the Prime Minister reviewed economic policies and measures essential for promoting economic development and competitiveness. The SEC presented issues on legal amendments, including promoting laws for business facilitation, capital market reform, and restructuring Thailand’s tax structure.
The Ministry of Commerce proposed several measures such as establishing a joint team to promote Thailand’s economic and investment story, developing new economic engines through capital market mechanisms, increasing market liquidity, and promoting a sustainable future through workforce upskilling and reskilling. These initiatives aim to reduce obstacles and enhance the country’s capabilities.